Funding you earn now, next payment 23:00 UTC−1.5620%/8h= −1710.4% APRpaid last 24h −0.378%
Price spread now: Binance against Kraken Futures−0.118%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,903as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,905as in the Price arb table
costs, in and out, $10k−$1,90919.091% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)−0.278%−$28 · spread now −0.118%, 7d avg −0.161%
=The price spread pays, funding is against you. Binance is 0.043% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.118% now, against its 7-day average of −0.161%): +$4 on $10k if it goes back. Holding the pair costs −$469 a day in funding at the current rate, which eats that in about under an hour. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CVXUSD | 2.0566 | 1.5720 | pay 0.1965% / 1h | 6m 50s | $110K | $72K | 10x |
| Short | Binance CVXUSDT | 2.0542 | 0.0100 | get 0.0050% / 4h | 1h 06m | $1.7M | $2.7M | 75x |
Kraken Futures PF_CVXUSD
Binance CVXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3,280.24
- Price spread: −0.118% → −0.161%
- $4.35
- Slippage, 4 orders
- −$1,889.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$5,184.97
- Costs to cover
- 19.091%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 10 min ago; Binance: live order book, 14 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 10 min ago | 74.79 bp | 1782.8 bp −$1,783 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.44 bp | 20.2 bp −$20 | 75.3 bp −$753 | doesn't fit | doesn't fit |
CVX on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective CVX/USDC PERP | +0.0033% | 1h | 1.9790 | −3.773% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDTshort | +0.0100% | 4h | 2.0542 | −0.118% | $1.7M | $2.7M | 75x | |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0554 | −0.058% | $1.7M | $815K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0530 | −0.175% | $253K | $371K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0520 | −0.224% | $68K | $25K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0530 | −0.175% | $2.0M | $522K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0560 | −0.029% | $817K | $67K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0540 | −0.126% | $623K | $131K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0560 | −0.029% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0504 | −0.303% | $6K | $2K | — | as long as short |
Injective CVX/USDC PERP
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
BingX CVX-USDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDT | +0.0340% | 4h | 2.0520 | −0.224% | $83K | $126K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC] | L +0.0478% / S −0.0190% | 1h | 2.0517 | −0.240% | $167K | — | 100x | as long as short |
| Kraken Futures PF_CVXUSDlong | +1.5720% | 1h | 2.0566 | long leg | $110K | $72K | 10x |
BloFin CVX-USDT
GMX CVX/USD [ETH-USDC]